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Published in:
1999 | OriginalPaper | Chapter
Experimental design to isolate causes of monetary non-neutrality
Author : Dr. Jean-Robert Tyran
Published in: Money Illusion and Strategic Complementarity as Causes of Monetary Non-Neutrality
Publisher: Springer Berlin Heidelberg
Included in: Professional Book Archive
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This chapter presents an experimental design which allows to implement an anticipated monetary shock and to observe nominal as well as real variables (and, thus, monetary (non-)neutrality). The discussion proceeds as follows: Section 2.1. provides a general description of the design. Section 2.2. explains procedures and parameters. Section 2.3. describes the treatments in detail. Section 2.4. mentions advantages of the experimental design in the investigation of monetary non-neutrality.